Category Archives for Legal/taxes
How to Hire a Real Estate Attorney
No real estate course or seminar is a substitute for a good attorney. Finding a good real estate attorney may be difficult, since most attorneys are not themselves investors or familiar with creative transactions. Most attorneys will give you just enough advice to keep them from getting sued, but not enough advice to show you […]
Continue readingHow to Save Up to 90% on Title Insurance
If you have ever bought or sold real estate, you have probably paid for title insurance. What exactly is title insurance? Why do we need it? How can I save money on title insurance? These are common questions asked by real estate investors, both rehabbers, and landlords. Whenever title passes, the seller usually gives a deed […]
Continue readingConverting Your Real Estate Notes into Cash
If you’re a real estate investor needing quick cash, selling your real estate notes could offer a fast, easy solution. It can happen to anyone. You find yourself in a situation where you need a chunk of cash instantly. Maybe you have to handle an emergency or simply want to free up funds to invest elsewhere. […]
Continue readingDo You Need a License to Wholesale Properties?
You buy a property, you wholesale it, you profit. Do you need a license to wholesale properties? In most cases, the answer is “no”. Real estate brokerage is an activity regulated by states on their own terms, thus each state defines which activities require a license. There is a lot of vagueness and ambiguity in some of the […]
Continue readingAsset Protection for Landlords
Get that Property Out of Your Name!Asset protection for landlords starts with anonymity. There are over 80 million lawsuits filed every year in the United States. Landlords and real estate investors are especially susceptible to liability. Are you a target? Are your assets easy to locate? Is your real estate titled in your name? You wouldn’t […]
Continue readingThe Delaware Series LLC for Real Estate Investors
The Delaware series LLC is a form of a limited liability company that provides liability protection across multiple “series”, each of which is theoretically protected from liabilities arising from the other series. It is similar to a parent/subsidiary structure, such as GM and it’s various brands. For example, you could have a master LLC that […]
Continue readingBasics of the Real Estate Contract
The real estate contract is the most often used, yet little understood tool in the real estate business. Whether you are a rank beginner or seasoned expert, there is no excuse for not knowing and understanding the real estate contract. Real estate contracts are based on common law contract principles, so it is important that you […]
Continue readingThe Right Entity for Your Business May Not Be What You Think!
Many people are operating a full or part-time small business and seeking to incorporate for tax reasons, professionalism, and liability protection. However, most of them are getting it wrong in choosing an entity. The popular thing to do is form an LLC (limited liability company) because it is simple and requires less formalities than a […]
Continue reading“Release” Yourself from Liability
People settle claims out of court all the time, and that is often the smart thing to do. But, most people forget the one simple step that is crucial to the process. This simple step, if omitted, can result in a future lawsuit against you, even if you allegedly settled the claim. Consider the act of […]
Continue reading7 Reasons to Use Land Trusts
You wouldn’t walk around with a financial statement taped to your back, would you? Then why are you holding title to your real estate in your own name? Whether it’s your personal residence or your rental properties, you are a “sitting duck” for disgruntled tenants, ex-employees, ex-spouses, the IRS and their attorneys. Real estate is […]
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